European Direct International Insurance Limited - Advisory Warning No. 14 of 2009

Summary

This is a public advisory warning issued by the British Virgin Islands Financial Services Commission (FSC) concerning European Direct International Insurance Limited. The FSC states that this entity is not licensed to carry on insurance business in or from within the BVI, and is not registered or incorporated in the Territory.

• Basis: Issued under Section 4(1)(l) of the Financial Services Commission Act, 2001.
• Finding: European Direct International Insurance Limited is not licensed, registered, or incorporated in the British Virgin Islands to conduct insurance business.
• Advice to public: Members of the public are advised to exercise extreme caution in conducting any transactions with the entity.

The notice is informational and warns the public rather than imposing any continuing compliance obligations on regulated entities.

Applies to

members of the public